Levi Strauss & Co. (LEVI) to Release Quarterly Earnings on Wednesday

Levi Strauss & Co. (NYSE:LEVIGet Rating) will issue its quarterly earnings data after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Levi Strauss & Co. Trading Down 0.6 %

LEVI traded down $0.10 on Tuesday, hitting $16.72. 2,479,166 shares of the company were exchanged, compared to its average volume of 1,948,929. The firm has a fifty day simple moving average of $16.17 and a two-hundred day simple moving average of $16.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 1.49. Levi Strauss & Co. has a 12 month low of $13.57 and a 12 month high of $24.22. The stock has a market capitalization of $6.59 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 2.97 and a beta of 1.14.

Insider Activity

In other news, EVP Seth M. Ellison sold 4,315 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $16.35, for a total value of $70,550.25. Following the completion of the transaction, the executive vice president now owns 89,946 shares in the company, valued at approximately $1,470,617.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Seth Jaffe sold 11,862 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $16.17, for a total transaction of $191,808.54. Following the completion of the transaction, the executive vice president now owns 148,299 shares of the company’s stock, valued at approximately $2,397,994.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Seth M. Ellison sold 4,315 shares of Levi Strauss & Co. stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $16.35, for a total value of $70,550.25. Following the completion of the sale, the executive vice president now directly owns 89,946 shares of the company’s stock, valued at approximately $1,470,617.10. The disclosure for this sale can be found here. Insiders sold a total of 34,703 shares of company stock worth $544,215 in the last quarter. 3.69% of the stock is owned by company insiders.

Institutional Trading of Levi Strauss & Co.

A number of institutional investors and hedge funds have recently modified their holdings of LEVI. Raymond James & Associates increased its holdings in shares of Levi Strauss & Co. by 40.6% in the 1st quarter. Raymond James & Associates now owns 36,330 shares of the blue-jean maker’s stock worth $718,000 after purchasing an additional 10,498 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Levi Strauss & Co. by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 438,865 shares of the blue-jean maker’s stock worth $8,672,000 after acquiring an additional 30,089 shares during the period. Citigroup Inc. grew its holdings in shares of Levi Strauss & Co. by 37.9% in the first quarter. Citigroup Inc. now owns 79,770 shares of the blue-jean maker’s stock worth $1,576,000 after acquiring an additional 21,916 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Levi Strauss & Co. by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 324,332 shares of the blue-jean maker’s stock worth $6,413,000 after acquiring an additional 54,109 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Levi Strauss & Co. by 6.0% in the first quarter. Sei Investments Co. now owns 119,376 shares of the blue-jean maker’s stock worth $2,359,000 after acquiring an additional 6,771 shares during the period. Institutional investors own 18.76% of the company’s stock.

Analyst Ratings Changes

LEVI has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Levi Strauss & Co. from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, October 7th. Evercore ISI dropped their price objective on Levi Strauss & Co. to $22.00 in a report on Thursday, October 13th. Telsey Advisory Group dropped their price objective on Levi Strauss & Co. from $30.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, October 7th. JPMorgan Chase & Co. cut Levi Strauss & Co. from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $17.00 in a report on Monday. Finally, Bank of America cut Levi Strauss & Co. from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $17.00 in a report on Wednesday, January 18th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.27.

About Levi Strauss & Co.

(Get Rating)

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.

Further Reading

Earnings History for Levi Strauss & Co. (NYSE:LEVI)

Receive News & Ratings for Levi Strauss & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Levi Strauss & Co. and related companies with MarketBeat.com's FREE daily email newsletter.